Bitcoin, the cryptographic money, has a deterioration in value and some of them are not obstructed. Currently $ 3,852, bitcoin is far from a financial emission from 2017 and has won a huge attraction for investors. In fact, at the beginning of 2017, this cryptographic money was rated at $ 1,000. A few months later and more specific in May 2017, the value of this money is being spent 2000 dollars. In August, the $ 4,000 was crossed and in October, the virtual currency reached 5,000 and 6,000 dollars. Although the growth index of bitcoin compared to its original value is already high, it was far from suspicious that the next few months would be even more interesting to. this money. In November 2017, the value of the cryptographic money has risen to $ 8,000 and $ 10,000. In December 2017, the bitcoin course broke all the records by reaching $ 20,000 worth.
This exceptional growth in the year 2017 has had the effect of attracting many people who have sometimes invested substantial financial resources to take advantage of the earnings that this money might come. It should be noted that many projects have flourished in the same period with the opportunity to invest in these projects based on Bitcoin technology to take advantage of profits later when these projects are bringing to fruition.
However, the increase in the bitcoin mark in 2017 could not have stopped 2018 and in February 2018, ie 2 months after a peak of $ 20,000, the value of the currency began to show signs or slow down. From $ 20,000 in December 2017, we spent $ 6,000 in February 2018. This decline continued over the next few months and at present the value of bitcoin is being discussed around $ 3850 according to CoinMarketCap data, the market capitalization platform cryptographic money For those who have invested their money before 1st January 2017, the fall is still dangerous.
However, for the number of consumers who have thrown themselves to this new financial adventure when the money has reached high value in 2017 during its progress, the latest developments during cryptocurrency will certainly leave flavor very bitter. The current value comparison with the one done two weeks ago is almost 40% lower. And compared to a peak of 20 078 dollars on December 17, 2017, this represents a decline in the value of about 80%.
For some people, Bitcoin, the peer-paying system for peers, looks like a beautiful bubble that is being imagined. For other people, he says a bit to use the word bubble. Instead, it's a great scam where people have paid a lot of money for billions of dollars to get basically a rigid numerical entity whose price was then assessed.
In order to better demonstrate that the marketing of a bitcoin market is a scam, its critics argue that we have to understand the valuation mechanism. According to CoinMarketCap statistics, there are currently 2074 cryptographic pieces being circulated against 1926 last September and 1400 at the beginning of the year. These cryptocurrencies that multiply over the months attract new investors with ICO (Initial Pin Offer or cryptocurrency) or other and constantly add new coins to the platform through & # 39; the mining. To determine the market capitalization of all criptic funds created, multiply the current number of coins by the current price. In addition, as new parts have been created permanently through mining, this also creates a new market capitalization when the price is stable, which helps to deal with some damage to it down.
At 1st From January 2018, market capitalization of all the bitcoin cryptographic currency was $ 229 billion. At this moment, this capitalization is $ 66 billion, so that $ 163 billion goes to smoke. During the night, people with $ 20,000 worth of bitcoins end with bitcoins worth less than $ 4,000.
For some consumers, bitcoin is too dangerous to be a long-term safe haven, to make current transactions or even to guess. Validation of transactions and devolution and exchange would not make it stronger now enough debates to invest in. Others prefer to turn to gold, as this precious metal is not rust in time, unlike bitcoin that may cause your eyes to fall according to the circumstances. On the other hand, others prefer to be happy with traditional money and to attend the different episode of this money.
But for other people, bitcoin value must only grow a matter of time.
Source: Wolf Street
What do you think about this bitcoin downgrading?
Do you think it's only temporary and a cash boost will happen during the next times?
Or do you think this downturn shows that it's just a laramque that's pretty much pulling the finger?
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